Contents
- (a) Examination of accounts and affairs of banks; publication of weekly statements; reports of liabilities and assets of depository institutions; covered institutions5 changes
- (b) Permitting or requiring rediscounting of paper at specified rate
- (c) Suspending reserve requirements1 change
- (d) Supervising and regulating issue and retirement of notes2 changes
- (e) Adding to or reclassifying reserve cities1 change
- (f) Suspending or removing officers or directors of reserve banks
- (g) Requiring writing off of doubtful or worthless assets of banks
- (h) Suspending operations of or liquidating or reorganizing banks
- (i) Requiring bonds of agents; safeguarding property in hands of agents
- (j) Exercising supervision over reserve banks
- (k) Delegation of certain functions; power to delegate; review of delegated activities4 changes
- (l) Employing attorneys, experts, assistants, and clerks; salaries and fees
- (m) [Repealed]4 changes
- (n) Board’s authority to examine depository institutions and affiliates2 changes
- (o) Authority to appoint conservator or receiver
- (p) Authority2 changes
- (q) Uniform protection authority for Federal reserve facilities1 change
- (r) Voting; documentation of determinations1 change
- (s) 2 Assessments, fees, and other charges for certain companies3 changes
(q)
(1)Notwithstanding any other provision of law, to authorize personnel to act as law enforcement officers to protect and safeguard the premises, grounds, property, personnel, including members of the Board, of the Board, or any Federal reserve bank, and operations conducted by or on behalf of the Board or a reserve bank.
(2)The Board may, subject to the regulations prescribed under paragraph (5), delegate authority to a Federal reserve bank to authorize personnel to act as law enforcement officers to protect and safeguard the bank’s premises, grounds, property, personnel, and operations conducted by or on behalf of the bank.
(3)Law enforcement officers designated or authorized by the Board or a reserve bank under paragraph (1) or (2) are authorized while on duty to carry firearms and make arrests without warrants for any offense against the United States committed in their presence, or for any felony cognizable under the laws of the United States committed or being committed within the buildings and grounds of the Board or a reserve bank if they have reasonable grounds to believe that the person to be arrested has committed or is committing such a felony. Such officers shall have access to law enforcement information that may be necessary for the protection of the property or personnel of the Board or a reserve bank.
(4)For purposes of this subsection, the term “law enforcement officers” means personnel who have successfully completed law enforcement training and are authorized to carry firearms and make arrests pursuant to this subsection.
(5)The law enforcement authorities provided for in this subsection may be exercised only pursuant to regulations prescribed by the Board and approved by the Attorney General.
United States Government work; public domain under 17 U.S.C. § 105.